Quote from: dinofelis on March 27, 2017, 06:53:00 PM

Quote from: iamnotback on March 27, 2017, 03:53:55 PM

I don't like the Byteball distribution method:

Quote from: iamnotback on March 27, 2017, 03:53:16 PM

The fundamental reason that giving away tokens without proof-of-burn makes it impossible for that token to compete with Bitcoin:

Quote from: iamnotback on March 27, 2017, 03:07:03 PM

Quote from: iamnotback on March 27, 2017, 03:41:51 PM

And realize that the whales' can kill the fork because they already own tokens in both forks from the inception.

And that is what makes it different from launching an altcoin.

The whales of Bitcoin get free tokens to dump on your coin so they can buy Bitcoins.

However in Byteball's case looks like Tony could have made deals with the exchanges to kickback some of the tokens to him in exchange for his scheme. It certainly could be a scam, as @cryptohunter alleged. Who knows? Where there is honey, there are usually flies.

I think there is a solution to this. My idea would be to give all past bitcoin addresses between two given block numbers (say, after 2011 and before 2014 or so) that ever appeared in an input a single coin. So there's no proportionality between bitcoin WHALES and the new distribution. The reason to pick inputs is that that means that the corresponding secret key exists or has existed.
Next, each of these redeemed past addresses would have a deterministic random number of blocks before they can spend it, spreading the "dumping" over a long time.

This might be the key for distribution.

I have always thought anominity is the key element of Bitcoin, libertarianism and generally fits with my idea of freedom and internet usage ....and in many ways it is. But after watching a YouTube clip of Gavin Mcginnes I felt challenged by this idea. Maybe anominity in many cases is actually cowardice? Of course there are times you don't want those in authority to know what you are doing but sometimes it's used to be a dick, and a I should know cause sometimes I'm a dick online.

Check out the clip, Gavin has got to be the funniest guy in the who alt right/libertarian scene.

https://m.youtube.com/watch?v=V0WBAjIP2Yk

So how about those who want to buy have to post their face and passport or something that identifies themselves in some way. Of course this will be painful and for many unacceptable BUT that's the point, it's a hurdle you got to cross to get coins. Plus you put a limit, say 5-10btc per person. Plus no whale is going to get all their friends to post themselves with passports so it's an effective whale deterrent.

Good idea?